Ciena reports revenue of $1.57 billion for the second fiscal quarter, a 40% year-on-year increase.
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Adjusted earnings per share (EPS) for the second fiscal quarter was $1.64, a year-on-year increase of 290%. The full-year revenue forecast has been raised to $6.3 billion +/- $100 million, with the median of the year-on-year growth guidance range at 32%. Third fiscal quarter revenue is expected to be $1.625 billion +/- $50 million.Related article: High expectations overwhelm optical communications star? Ciena’s last quarter delivers strong results exceeding expectations, raises full-year guidance, yet stock still drops over 10% | Earnings Report Insights
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